subject
Business, 05.05.2020 22:40 pineappledogpie1608

On January 1, 2019, a company issued $401,600 of 10-year, 12% bonds. The interest is payable semi-annually on June 30 and December 31. The issue price was $417,153 based on a 10% market interest rate. The effective-interest method of amortization is used. Rounding all calculations to the nearest whole dollar, what is the interest expense for the six-month period ending June 30, 2019?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 22:50, kyliegriffis
He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800
Answers: 1
image
Business, 22.06.2019 11:10, amunson40
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
image
Business, 22.06.2019 19:20, dayday0
Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)
Answers: 3
image
Business, 23.06.2019 00:40, Cooldude4676
In 2017, "a public university was awarded a federal reimbursement grant" of $18 million to carry out research. of this, $12 million was intended to cover direct costs and $6 million to cover overhead. in a particular year, the university incurred $4 million in allowable direct costs and received $3.4 million from the federal government. it expected to incur the remaining costs and collect the remaining balance in 2018. for 2017 it should recognize revenues from the grant of
Answers: 3
You know the right answer?
On January 1, 2019, a company issued $401,600 of 10-year, 12% bonds. The interest is payable semi-an...

Questions in other subjects:

Konu
Mathematics, 17.09.2020 21:01
Konu
History, 17.09.2020 21:01
Konu
History, 17.09.2020 21:01
Konu
Social Studies, 17.09.2020 21:01
Konu
Mathematics, 17.09.2020 21:01
Konu
Mathematics, 17.09.2020 21:01
Konu
Physics, 17.09.2020 21:01
Konu
Mathematics, 17.09.2020 21:01
Konu
Mathematics, 17.09.2020 21:01
Konu
Spanish, 17.09.2020 21:01